#IKA# The supply and demand relationship is severely unbalanced and market manipulation.

Circulation Locking Mechanism: New coins often design artificial restrictions on circulation through staking mining, lock-up rewards, etc., for example, only releasing a small amount of tokens to the market. At this time, a small amount of buying can drive up the price, forming a "low circulation + high market value" distorted structure.

Market Maker Control
Project parties or early investors create false liquidity by controlling the depth of the exchange order book. Typical manifestations include:

The difference in trading order volumes is significant (e.g., sell orders are sparse)
Price fluctuations show a "stepwise slow rise" 2
II. Market Manipulation Activities
Whale Account Control
When a small number of addresses hold most of the tokens, it can be done through:
Left hand trades with right hand to manipulate the market.
Utilizing low liquidity to amplify price fluctuations
Options Leverage Effect
When the open long contracts concentrate on expiry, market makers need to hedge risks by buying spot, forming short-term price support. This phenomenon is significantly amplified in low liquidity currencies.
Risk Warning: Such situations are often accompanied by severe pullbacks. The expiration date of Bitcoin options in May 2025 previously led to over $657 million in long liquidations. The volatility of low liquidity coins can typically reach 3-5 times that of normal levels.